Articles by Bimal Jain

Bombay HC issues notice in writ challenging Rule 89(5) denying refund of 'input services' under inverted duty structure

Bimal Jain 26 August 2019 at 15:08

Facts:M/s Raymond UCO Denim Private Limited ('Raymond' or 'the Petitioner'), approached the Hon'ble Bombay High Court challenging the vires of Rule 89(5) of the CGST Rules, 2017('CGST Rules') on the ground that it runs contrary to the provisions of S

GST Audit Check list for Composition Taxpayer

Bimal Jain 15 July 2019 at 13:36

The CBIC has issued GST audit Manual 2019 after approval by the Board. The Board vide its letter F. No. 221/03/2013 � CX-6 dated August 30, 2018 requested

Proposed Amendment in the Customs Act, 1962 and Service Tax - Union Budget 2019

Bimal Jain 06 July 2019 at 13:02

The legislative changes would come into effect only upon the enactment of the Finance (No. 2) Bill, 2019. Current provisions Proposed provision..

Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 - Central Excise and Service Tax

Bimal Jain 06 July 2019 at 12:45

A dispute resolution cum amnesty scheme called the Sabka Vishwas Legacy Dispute Resolution Scheme is being introduced for resolution and settlement of legacy ca..

Proposed Amendment in the CGST Act, 2017 and IGST Act, 2017 by Budget

Bimal Jain 06 July 2019 at 12:38

Goods and Services Tax Amendments carried out through the Finance (No. 2) Bill, 2019 come into effect on the date of its enactment, unless otherwise specified..

Major Takeaways from Budget 2019 presented on 5th July

Bimal Jain 06 July 2019 at 12:38

Ms. Nirmala Sitharaman today presented the full budget of 1st Year of 2nd term of Modi Government amid subdued economic growth and challenging fiscal situation...

Detailed analysis of changes in rates of Central Excise & Custom - Union Budget 2019

Bimal Jain 06 July 2019 at 02:28

In Union Budget 2019-20, the Finance Minister has introduced the Finance (No.2) Bill, 2019 in Lok Sabha on July 05, 2019. The following are the gist of the noti..

Amendments in CGST Rules, 2017

Bimal Jain 03 July 2019 at 11:26

The Central Board of Excise and Customs vide Notification No. 31/2019-Central Tax dated June 28, 2019, has made various amendments inCentral Goods and Services ..

No separate registration required where imported goods cleared under invoice from Head office

Bimal Jain 02 July 2019 at 10:58

Authority for Advance Ruling, Maharashtra vide GST-ARA, Application No. 114 dated January 25, 2019Facts: M/s. Aarel Import Export Private Ltd.(�the Applic

Cash refund of unutilized credit impermissible on closure of business

Bimal Jain 27 June 2019 at 11:21

The Larger Bench (LB) of Bombay HC rules in favour of Revenue, holds that cash refund u/s 11B of the Central Excise Act, 1944 (�the Excise Act�) is